Novo Nordisk owner joins the race for Healthium Medtech

Novo Holdings is the latest challenger in a hotly contested bidding process for Healthium, 99.8% owned by Apax Partners. Buyout funds KKR, Hillhouse, EQT, Blackstone and TA Associates among others have already been shortlisted after the initial rounds, ET reported on March 11. Novo Holdings' foray is expected to exacerbate competition for Healthium, which has been valued by rival bidders at Rs 6,500-7,000 crore. Due diligence for the company is underway.

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